Dominant firms derived-demand function

Assignment Help Business Economics

Reference no: EM138369

Q. A market's total demand is given by P = 40 - Z. This market is supplied by a "dominant firm" and by other, relatively small firms. The small firms' total supply is given by P = 3Y. The dominant firm's total-cost function is TC = (X2/8) + 2X + 3 [In case you have no calculus: Marginal Cost = MC = (X/4) + 2 ].

(a) Find the equation of the dominant firm's derived-demand function

(b) Find the equation of the dominant firm's Total Revenue (TR).

Reference no: EM138369

Questions Cloud

What is the radius of its orbit : An oil drop whose mass is determined to be 3.3x10^-15 is held at rest between two large plates separated by 1cm while the potential difference between them is 340 V. How numerous excess electrons does this have here.

Activities affects government households : Describe how each of these activities affects government households as well as businesses.

Find out average speed : One sphere is negatively charged, with net charge -2.25 mu C, and other sphere is positively charged, with net charge 4.00 mu C. The charge is uniformly distributed within the volume of each sphere.

Important points and areas on the business cycle. : Illustrate on your graph and in words all important points and areas on the business cycle.

Dominant firms derived-demand function : Find the equation of the dominant firm's derived-demand function

How many times louder is the latter sound : A 790-kg object and an 889-kg object are separated by 11.0 m. At what position (from the less massive object) can the 260-kg object be placed so as to experience a net force of 10 N towards the less massive object.

Slightly ambiguous language contained in the agreement : Discuss a situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the agreement.

What are the frequencies of fundamental : A guitar string is 90cm long and has a mass of 3.6g from the bridge to support post (L) is 60cm and the string is under the tension of 560. What are the frequencies of fundamental and first two overtones.

An organization or business in your area that performs : Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.

User Account

All Pages